TT Electronics (STU:7TT) Change In Inventory : €5.2 Mil (TTM As of Dec. 2023)

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What is TT Electronics Change In Inventory?

TT Electronics's change in inventory for the quarter that ended in Dec. 2023 was €8.2 Mil. It means TT Electronics's inventory declined by €8.2 Mil from Jun. 2023 to Dec. 2023 .

TT Electronics's change in inventory for the fiscal year that ended in Dec. 2023 was €5.2 Mil. It means TT Electronics's inventory declined by €5.2 Mil from Dec. 2022 to Dec. 2023 .

TT Electronics's Total Inventories for the quarter that ended in Dec. 2023 was €166.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TT Electronics's Days Inventory for the quarter that ended in Dec. 2023 was 128.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. TT Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.42.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. TT Electronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

TT Electronics Change In Inventory Historical Data

The historical data trend for TT Electronics's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TT Electronics Change In Inventory Chart

TT Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-8.97

4.64

-50.13

-46.45

5.22

TT Electronics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-38.84	-45.55	-1.50	-3.03	8.24

TT Electronics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €5.2 Mil.

TT Electronics (STU:7TT) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

TT Electronics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	188.9865	/	268.483	*	365 / 2
	=	128.46

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

TT Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	268.483	/	188.9865
	=	1.42

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

TT Electronics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	188.9865	/	353.799
	=	0.53

TT Electronics Change In Inventory Related Terms

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TT Electronics (STU:7TT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TT Electronics PLC (STU:7TT) » Definitions » Change In Inventory

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TTGPF:USA TTGl:UK TTG:UK 7TT:Germany

Address

West Street, Fourth Floor, St Andrews House, Woking, Surrey, GBR, GU21 6EB

Website

https://www.ttelectronics.com

TT Electronics PLC provides engineered electronics for performance-critical applications across Healthcare, Aerospace and Defense, Automation and electrification, and Distribution markets. It operates in three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. Its products consist of connectors, optoelectronics, resistors, semiconductors, and electromagnetics, among others. Some of its brands are AB Connectors, Aero Stanrew, Power Partners, Semelab, Welwyn Components, and Precision. The geographical segments are the United Kingdom, the Rest of Europe, North America, Asia, and the Rest of the World. It generates maximum revenue from Global Manufacturing Solutions, which provides manufacturing services and engineering solutions.

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